a) Calculate GDP Deflator of 2009.b) Calculate the Growth rate of real GDP of 2009.c) What can you conclude from your answer to part a.d) What can you conclude from your answer to part b. please show all calculation .Answer must be correct. Answer follow image Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food andclothing only. The table below shows the hypothetical results.ItemFoodPrice/unit (2009)Qty (2009)Price/unit (2008)Qty (2008)Tk. 5100Tk. 20400ClothesTk. 1005Tk. 40020Tk. 200Tk. 800AluminumBase year: 200828Questiona) Calculate GDP Deflator of 2009.b) Calculate the Growth rate of real GDP of 2009.c) What can you conclude from your answer to part a.d) What can you conclude from your answer to part b.

GDP Deflator = Nominal GDP / Real GDP * 100 Nominal GDP = Current Year Prices * Current Year…

Answered: Calculate GDP Deflator of 2009. b)…

Calculate GDP Deflator of 2009. b) Calculate the Growth rate of real GDP of 2009. c) What can you conclude from your answer to part a.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

a) Calculate GDP Deflator of 2009.

b) Calculate the Growth rate of real GDP of 2009.

c) What can you conclude from your answer to part a.

d) What can you conclude from your answer to part b.

please show all calculation .Answer must be correct. Answer follow image

Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and
clothing only. The table below shows the hypothetical results.
Item
Food
Price/unit (2009)
Qty (2009)
Price/unit (2008)
Qty (2008)
Tk. 5
100
Tk. 20
400
Clothes
Tk. 100
5
Tk. 400
20
Tk. 200
Tk. 800
Aluminum
Base year: 2008
2
8
Question
a) Calculate GDP Deflator of 2009.
b) Calculate the Growth rate of real GDP of 2009.
c) What can you conclude from your answer to part a.
d) What can you conclude from your answer to part b.

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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